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Report Date : |
17.05.2013 |
IDENTIFICATION DETAILS
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Name : |
EXLITES PTY LTD |
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Formerly Known As : |
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Registered Office : |
C/o POOLE & PARTNERS PTY. LTD.,Level 1, 8 Innovation Parkway
Birtinya Queensland 4575 |
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Country : |
Australia |
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Date of Incorporation : |
22.10.2003 |
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Com. Reg. No.: |
106776121 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Manufacturer of solar lighting solutions |
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No. of Employees : |
3 employees including director |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTES:
Any query related to this report can be made on
e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March, 31st, 2013
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Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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Australia |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
AUSTRALIA - ECONOMIC OVERVIEW
The Australian economy has experienced continuous growth and
features low unemployment, contained inflation, very low public debt, and a
strong and stable financial system. By 2012, Australia had experienced more
than 20 years of continued economic growth, averaging 3.5% a year. Demand for
resources and energy from Asia and especially China has grown rapidly, creating
a channel for resources investments and growth in commodity exports. The high
Australian dollar has hurt the manufacturing sector, while the services sector
is the largest part of the Australian economy, accounting for about 70% of GDP
and 75% of jobs. Australia was comparatively unaffected by the global financial
crisis as the banking system has remained strong and inflation is under control.
Australia has benefited from a dramatic surge in its terms of trade in recent
years, stemming from rising global commodity prices. Australia is a significant
exporter of natural resources, energy, and food. Australia's abundant and
diverse natural resources attract high levels of foreign investment and include
extensive reserves of coal, iron, copper, gold, natural gas, uranium, and
renewable energy sources. A series of major investments, such as the US$40
billion Gorgon Liquid Natural Gas project, will significantly expand the
resources sector. Australia is an open market with minimal restrictions on
imports of goods and services. The process of opening up has increased
productivity, stimulated growth, and made the economy more flexible and
dynamic. Australia plays an active role in the World Trade Organization, APEC,
the G20, and other trade forums. Australia has bilateral free trade agreements
(FTAs) with Chile, Malaysia, New Zealand, Singapore, Thailand, and the US, has
a regional FTA with ASEAN and New Zealand, is negotiating agreements with
China, India, Indonesia, Japan, and the Republic of Korea, as well as with its
Pacific neighbors and the Gulf Cooperation Council countries, and is also
working on the Trans-Pacific Partnership Agreement with Brunei Darussalam,
Canada, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore, the US, and
Vietnam.
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Source
: CIA |
Verified Address
Subject name : EXLITES
PTY LTD
Business address : Unit 1, 1
Flinders Parade
Town : North
Lakes
Province : Queensland
Zip/postal code : 4509
Country : Australia
Tel : +61
7 34918988
Fax : +61
7 34919788
Email : info@exlites.com.au
Website : www.exlites.com.au
Registered address : C/o POOLE
& PARTNERS PTY. LTD.
Level 1, 8
Innovation Parkway
Town : Birtinya
Province : Queensland
Zip/postal code : 4575
Country : Australia
Postal address : P.O.
Box 1297
Town : North
Lakes
Province : Queensland
Zip/postal code : 4509
Country : Australia
Comments : The Subject moved from the
address Unit 1, 8 Dual Avenue, Warana, QLD 4575, Australia to the above
verified address since January 2013.
Executive Summary
Date founded or registered : 22/10/2003
Legal form : Australian
Proprietary Company
Chief executive : Michael
John Arieni
Issued & paid up capital : AUD
2
Line of business : Manufacturer
of solar lighting solutions.
Staff employed : 3
employees including director
Company Analysis
Country risk : Country
risk is minimal
Operation trend : Operational
trend is steady
Management experience : Management
is reasonably experienced
Financial performance : Financial
performance is undetermined
Organization structure : Organizational
structure is stable
Detrimental : No detrimental found
Payment history : No
payment delays noted
Registry Data
Registration date : 22/10/2003
Legal form : Australian
Proprietary Company
Registration no Australian Company Number: 106776121
Registered authority : Australian
Securities and Investments Commission
Fiscal/ Tax no : Australian Business Number: 35106776121
Registry status : Live/Active
Previous name : KEY
BEAUTY PTY LTD
TECHNOFUEL PTY LTD
(initial)
Change of legal form : None
reported.
Key Management
Name : Michael
John Arieni
Designation : Managing
Director
Appointments
Name : Michael
John Arieni
Designation : Director
Appointment date : 22/10/03
Address : 1A
Komodo Court
Parrearra, QLD 4575
Australia
Biography : Born
on 30-03-1968 in Brisbane, Queensland, Australia.
Staff employed : 3
employees including director
Composition
Authorized Capital : AUD 2
No of shares : 2
Ordinary Shares
Share par value : AUD 1
Issued capital : AUD 2
Paid up capital :
AUD 2
How listed : Full List
Composition
Shareholder name : KEY LOGIC
PTY LTD
Address : Level
1, 8 Innovation Parkway
Birtinya, QLD 4575
Australia
No. of shares : 2
Ordinary Shares
% of shares : 100%
Related companies and corporate affiliations comments : None reported.
Bank Details
Name of bank : Westpac
Banking Corporation
Address : Australia
Account details : Current
Account
Comments : It is
generally not the policy of local banks to provide credit status information to
non related parties, however interested parties
would be advised to consult first with the Subject if banker's references are
required.
Mortgages : None
reported.
Legal Fillings
Bankruptcy fillings : None
reported.
Court judgements : None
reported.
Tax liens : None
reported.
Others : None
reported.
Description
Comments : The representative contacted
Mr. Michael John Arieni declined to provide any financial information until the
inquiring party details are revealed.
The Subject is classified as a small proprietary
company by the Australian Securities & Investments Commission hence is not
required to disclose their financial statement.
A proprietary company is defined as small
for a financial year if it satisfies at least two of the following:
- The consolidated revenue for the financial
year of the company and any entities it controls is less than $25 million;
-The value of the consolidated gross assets
at the end of the financial year of the company and any entities it controls is
less than $12.5 million, and -The company and any entities it controls have
fewer than 50 employees at the end of the financial year.
Main activities : The
Subject engages in manufacturing of solar lighting solutions.
Product & services : Solar
lighting products:
Solar Lighting
Solar Lighting Towers
Solar Billboard Lighting
Solar Street Lighting
Solar Bollard
Solar Pathway Lighting
Purchases
International : China,
Taiwan
Sales
Local : Yes
International : Canada, United States, Mexico, Malaysia,
Brazil, Chile, United Arab Emirates, Saudi Arabia, Singapore, Seychelles, South
Africa, Cyprus, Philippines, Japan, Hong Kong, Papua New Guinea, New Zealand
Property &
Assets
Premises : The Subject operates from
premises at the verified heading address consisting of a production facility,
warehouse and administrative office.
Branches : None
reported.
Gross Domestic
Products (GDP) & Economic Overview
Central bank : Reserve
Bank of Australia
Reserve of foreign exchange & gold : US$ 43.879 billion
Gross domestic product - GDP : US$
1.586 trillion
GPP (Purchasing power parity) : 954.296
billion of International dollars
GDP per capita - current prices : US$
68,916
GDP - composition by sector : agriculture:
4%
industry: 25.6%
services: 70.4%
Inflation : 2009: 1.8%
2010: 2.8%
2011: 3.4%
Unemployment rate : 2009:
5.6%
2010: 5.2%
2011: 5.1%
Public debt
(General Government gross debt as
a % GDP) : 2009:
16.9%
2010: 20.4%
2011: 22.9%
Government bond ratings : Standard
& Poor's: AAA/Stable/A-1+
Moody's rating: Aaa
Moody's outlook: STA
Market value of publicly traded
Shares : US$1.258
trillion
Largest companies
in the country : Commonwealth Bank
(Banking), BHP Billiton (Materials), Westpac Banking Group (Banking), Rio Tinto
(Materials), National Australia Bank (Banking), ANZ Banking (Banking), Telstra
(Telecommunications)
Trade &
Competitiveness Overview
Total exports : US$210.7
billion
Exports commodities : Coal,
iron ore, gold, meat, wool, alumina, wheat
Total imports : US$187.2
billion
Imports
commodities : Machinery and
transport equipment, computers and office machines, telecommunication equipment
and parts, crude oil and petroleum products
Export - major partners
: Japan 18.9%, China 14.2%,
South Korea 8%, US 6%, NZ 5.6%, India 5.5%, UK 4.2%
Import - major
partners : China 15.5%, US
12.8%, Japan 9.6%, Singapore 5.6%, Germany 5.2%, UK 4.3%, Thailand 4.2%
FDI Inflows : 2008:
US$46,843 million
2009: US$25,716 million
2010: US$32,472 million
FDI Outflows : 2008:
US$33,604 million
2009: US$16,160 million
2010: US$26,431 million
Best countries for doing business : 10 out of 183 countries
Global competitiveness ranking : 20
(ranking by country on a basis of 142, the first is the best)
Country and
Population Overview
Total population : 22.23
million
Total area : 7,692,024
km2
Capital : Canberra
Currency : Australian dollars (AUD)
Internet users as % of total
population: 76%
Purchase Term
International : Telegraphic
transfer, D/P, Credit 30-90 days
Sales Term
Local : Prepayment,
Bank transfer, Cash, D/P, Credit 30-90 days
International : Prepayment,
Telegraphic transfer, D/P, Credit 30-90 days
Trade Reference/
Payment Behaviour
Comments : As local and international
trade references were not supplied, the Subject's payment track record history
cannot be appropriately determined but based on our research, payments are
believed to be met without delay.
Investigation Note
Sources :
Interviews and material provided by the Subject
: Other official
and local business sources
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.54.77 |
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1 |
Rs.83.31 |
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Euro |
1 |
Rs.70.46 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors and their relative weights (as
indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.